Nifty: May series OverviewNifty
- Just before the FED meeting the mood is upbeat amongst World market
For the May series important level to watch out for on Nifty 18400-18600 on the upside and 17750-17900 on the lower side.
- Option IVs are very very low. A wild swing on the Index can reward Option buyers and chop Option sellers.
Take care & safe trading...!!!
Futures
Nifty: Important levels for trade day 24 April 2023All levels are given in the chart itself
Watch out for Nifty behavior in the zone of 17580-17644 zone for that may give an early cue as to where Nifty may head in to expiry week.
A movement of 250-280 points may be on the cards.
Take care & safe trading..!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
ABB - Downtrend Possibility The stock is in bullish mode for the last five sessions and ran more than 300 points.
If reverses from cmp or after reaching 3500, may go in a downtrend.
The downward targets maybe 3230/2950/2800.
All levels and points are marked on the charts.
If sustains above 3500, the setup fails.
Only for learning and sharing purposes, not any kind of trading advice in any form.
Anytime we must not feel stuck in a trade. Step out from the trade
as it hits our risk management.
All the best.
Bajaj Finance - At SupportThe chart clearly indicates the support level is around 5650. Also, Bollinger Band Shows a likely reversal for the price. If sustains above 5650, may go to 6050, or 6350, and more upside may be seen.
One should keep risk management in control every time, in every format.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Nifty Futures AVWAP Chart AnalysisAttached: Nifty Futures Daily Chart as of 24th April 2023
SELF EXPLANATORY Chart (all the different colored lines are Anchored VWAPs)
Price has closed above AVWAP from 13th April High (recent Swing) and is all set to head higher from here for POC @ 17900 (Volume Profile concept)
Bata has to take a decisionThe stock is coming to a long-term support level. Now 1360 is the key level. Sustaining above 1360 will make the stock bullish while trading below 1360 will show weakness on the charts.
If goes bullish from today's price, then it will be a good risk-reward for a long setup.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Aarti Ind - Time to watchThe stock is traveling in a parallel channel for a long time. Again comes to the lower support levels. If it sustains above, it may go to 610/660 or even more.
MACD also shows a crossover,
the price is already almost half of the top levels.
As long as does not trade below 510-515 for a couple of days, Chances are good for up move.
Only for learning and sharing purposes, not a bit of trading advice in any form.
Always trade wisely and calmly.
Calmness is the thing that we dream of when we see our future in the stock market.
Why not practice it now?
All the best.
Nifty: Chart set up and trading strategyNifty
- Nifty has given a breakout from the Blue box and is now trading in the yellow box
- 252 day EMA @ 17396
- 63 day EMA near 17540
- Line of Resistance 17620 odd levels around 20 April 2023
- 21 day EMA around 17240
- Lower level of Yellow box 17220 odd levels
- RBI Policy Announcement on 6th April 2023
- Result Calendar to begin soon
View: Rangebound for the next 2 weeks
Trading Strategy: Short Strangle for Nifty 13 April / 20 April expiry
Expected trading range for Nifty till 19th April 2023
- 17620 on the upside
- 17240 on the downside
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty: 29 March 2023 Expiry viewNifty
- Important levels are given in the chart
- Earlier when Nifty was at 17050 odd levels I had given a bearish view
- Nifty is down 100 points from those levels
- Explosive movement has not happened so far but for the last 2 days Nifty is opening higher around 17000; trading above 17000 for a couple of candles on 15 min chart and then giving up in the 2nd half.
Is that a sign of a confident Bull or are the Bulls nervous or are the Bulls creating a trap for the Bears?
Well only time can tell that. Prima facie, for Bulls to regain control Nifty needs to sustain above 17155 / 17200 odd levels. Till then Bears have the upper hand.
Prima facie Expiry range for 29 Mar 23
Small Expiry range 16913 - 16991
Medium Expiry range 16874 - 17033
Broader Expiry range 16828 - 17065
For me Risk::Reward ratio not favorable to play for today's expiry.
For the April series, as a risk management measure Trailing SL to 17080 (Nifty Spot levels) on closing basis for April series.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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Infy: Chart setup, Risk Reward levels & my trading strategyInfy (1492)
We are looking at weekly candlestick chart
In Dec 2022, I had mentioned the level of 1444 to be of crucial importance. The stock made a low of 1446 and then has seen smart bounce from thereabouts.
Currently the stock is in retracement mode. Important for Infy to hold on to 1480-1460 zone
If withheld then stock can be looked with an upside target potential of 1666 / 1735.
SL 1444
My trading strategy: Bullish Calendar Put spread
Take care and safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty Chart set up for Final 29 March expiry weekNifty
Last time when Nifty closed at 16988 I had suggested that Nifty can attempt for 17200 / 17400 odd levels
Nifty achieved it's 1st target but is struggling thereafter.
In my Expiry range for 23rd March, I had given 17207 as an important upper resistance and only a close above 17233 would have opened doors for 2nd target.
On the lower side 17065 was given as lower level. Link for the idea is provided. Go ahead and click the Play button in that chart and see the magic unfold.
Nifty made a high of 17205 and couldn't sustain thereafter signifying weakness of the Bulls and finally closed just a tad above 17065.
Now heading in to the final week of March expiry.
Nifty has managed to stay afloat so far but will the Bulls face a similar fate like Team India did against Team Australia in 3rd and final ODI.
Team India looked in control of the game till 35th over but collapsed in the final overs.
The Line of Resistance are packed on the upside. The Bulls are literally standing against the wall.
And the Support levels are spread far across. In case Nifty breaks Below the green line of Support, the field would be wide open and Nifty target in that case could be around 16449 odd levels in coming days (Positional view)...
Psychologically Nifty closing above 17155 could give some hope to Bulls.
Nifty closing below 16960 would make Bulls nervous and a close below 16828 odd levels could give Bears total control.
Important levels on the upside
17155 / 17233 / 17400
Important levels of the downside
16960 / 16828 / 16449
I have a Bearish view and would consider it to be invalidated if Nifty closing is above 17155 / 17233 odd levels ( you can chose your level depending on the your risk appetite)
Take care & trade safely...!!!
If you find the Analysis helpful do Hit the Like button and Follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty: At Lower end of the channel and trading strategy for MarNifty
Did I know the SVB Bank collapse... Absolutely No!
But Technical Analysis gave us a warning signal well before the NEWS. I had shared the analysis well in advance...
More so I have also shared analysis on Banking stocks which were suggesting those were at resistance levels.
The results are in front of you. Nifty is now at the lower end of the channel. Banking stocks have taken resistance exactly at levels mentioned.
What next...
Nifty looks likely to be in down trend. Although risk::reward ratio to short now has a higher risk. Also I'm not expecting a new high any time soon... Nifty could be range bound. For March series I would look at 16600-16750 odd levels as support zone and upside might be capped at 17300-17400.
My trading strategy
Short strangle which keeps me protected for a rise up to 17570 on the upside and 16430 on the lower side. As well as has a 8% profit potential till 29 March 2023.
Trust this would help you Plan your trade.
Focus on managing your risk. If risk is managed you would tend to have a higher chance to stay profitable..!!!
Take care & safe trading..!!!
Like and Follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty: But I still haven't found what I'm looking for...Nifty
Yesterday if we observe in daily candlestick charts Nifty formed a Doji candle - suggesting indecisiveness.
Today on a 15 min candle we observe Nifty struggling to stay above yesterday's high as of now.
Based on data analysis, FIIs were once again seen selling Index Futures. That makes it clear why Nifty has struggled so far. Now that Nifty is near their cost, will we see FIIs covering their Shorts?
Mind you the Long:: Short ratio of FIIs in Index Futures is 1::7.8 This ratio is similar what I have seen in early Mar 2020, 3 weeks before the Lock down announcement.
Either they know something that we don't know or we might see them covering their short in a day or two.
For Bulls to have any hope, Nifty needs to above 17131 odd levels and sustain above 17065 for 2 more days thereafter.
Plan your trade accordingly and focus on managing your risk.
Nifty: Mar 16 Expiry Review and way forward"A reversal is just anything that's a surprise. It's a way of keeping the audience interested" - Tony Gilroy
The back drop before the day started
- negative NEWS in the Global front /
- European Markets closing 2-3% down yesterday,
- Negative mood in Asian Markets
There were people giving interviews of Nifty falling up to 15100 odd levels. So it was easy to assume more downside...
And that's when Markets moves in the opposite direction and we complain Markets are all manipulative. No my dear friend... Markets are not it is our mind that gets manipulated...
You see markets were giving us signals loud and clear.... What we chose to listen makes the difference...
On March 2nd, Technical Analysis had given us an indication that 17800 is big resistance and also given us a target of 16900 for the market in current set up.
Well Nifty made a perfect high of 17799.95 and today has achieved it's target of 16900 too...
Yesterday too I had given the blue box framework for Expiry range and suggested to use it to understand the Risk :: Reward potential at any given price.
In morning trade when Nifty came to the lower level of the blue box where do you think Risk::Reward ratio was favoring?
It worked to perfection as Risk::Reward ratio was certainly not in favor of shorts but rather on the Long side in morning trade where it made a closing low of 16865 and the 3rd candle closed at 16877 (16875).
Pls also understand we cannot be taking these numbers exact pin point. Look at this number as zone. Be flexible. Observe market behavior around these levels. One cue here for free.... 3rd candle usually helps confirm whether the breakout / support / resistance is real or it was just a shakeout.
Again around 12:30pm it gave another opportunity when it took support at 16923 (Level given 16930) odd levels. Again the 3rd candle closed well above at 16946.
Eventually closing the day at 16985 (16960)
So still want to depend on NEWS (Noise and distraction) or follow Technical Analysis and be a STEP Ahead...!!!
My broader view is still the same. Rangebound between 17400 /17500 on the upside and 16800 / 16600 on the lower side for March series...
Take care & trade safely...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be






















